30-36 Camperdown, Coffs Harbour, New South Wales
The Observatory Self-Contained Apartments
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Business Description
HTL Property is pleased to exclusively present for sale The Observatory Self- Contained Apartments Coffs Harbour on the NSW North Coast.
Key Investment Highlights
• 16 freehold, self-contained apartments; 12 two-bedroom and 4 studios
• 6 three-bedroom, strata-titled dwellings, including manager’s residence (4 privately owned, 2 vendor owned)
• Ideally located in the Jetty precinct of Coffs Harbour within walking distance to the Harbour and world class beaches
• 2,322sqm landholding with triple frontage and wonderful ocean views
• $1.50m Gross Profit and c. $580k adjusted NOP in FYE 2023
• Number 1 regional NSW tourist destination with over 12.4 million visitors (Jun23)
• Capitalise on the prime coastal location and booming tourism market
Business Summary
Key Investment Insights
1. The business for sale is The Observatory Self-Contained Apartments located in Coffs Harbour, NSW on the North Coast.
2. The property consists of 16 freehold, self-contained apartments, including 12 two-bedroom and 4 studios.
3. In addition, there are 6 three-bedroom, strata-titled dwellings, including a manager's residence, with 4 privately owned and 2 vendor owned.
4. The apartments are ideally located in the Jetty precinct of Coffs Harbour, within walking distance to the Harbour and world-class beaches.
5. The property has a landholding of 2,322sqm with triple frontage and stunning ocean views.
6. The business has a strong financial performance, with a gross profit of $1.50m and adjusted net operating profit of approximately $580k in FYE 2023.
7. Coffs Harbour is the number 1 regional tourist destination in NSW, with over 12.4 million visitors as of June 2023.
8. The business is well-positioned to capitalize on the prime coastal location and the booming tourism market in the region.
